What to Do Once You’re Pre-Qualified

Wondering what to do once you’re pre-qualified? If so, you’re not alone! This can be a fascinating time, but some pitfalls can get in the way of your goals if you don’t plan properly. That’s why we’ve put together this guide to help you avoid any mishaps and prepare for your first home purchase.

Know What’s on Your Credit Report
While your pre-qualification will let you know how much house you can afford. Here are some tips to keep your pre-qualification as is; Don’t make large purchases using credit cards, Don’t open new credit cards, Don’t close credit cards, Don’t miss any payments, regardless of how small the payment may be. Find out what’s on your Credit Report before applying for a mortgage. Not only is that information necessary, but also being aware of what’s on your credit report is key to preventing identity theft down the road.

Figure Out How Much You Can Afford
Once you have a good idea of how much home you can afford, you’ll need to go out and determine what area you are looking for homes in since property taxes vary within different townships. When searching for your new home, keep in mind that your down payment percentage can drastically change how much house you can afford.

How to Search For Homes
Search for Homes Today using our Free Home Search Tool. All you have to do is enter the address and start your search. Find a local realtor that can assist with helping you find a home in your desired area.

Making An Offer
Review documents with your Realtor to go over the terms of the contract and sign the contract of sale. Make sure everything is ready for loan processing so you don’t miss out on an opportunity!

Why Contact New Dwelling Mortgage? We’re passionate about one thing, Your Mortgage! Our mission is to help people find an affordable mortgage in a simplified manner—New Dwelling Mortgage for more information on preparing your finances for a home purchase.